Singapore Economic Agreements

Singapore economic agreements

Introduction

In Singapore, most raw material is imported, mainly technology, oil, gold, medications, among others, are exported, among others. The country invests a lot in health, moreover, its system has become an example worldwide. At the economic level, he developed initiatives such as the opening to foreign investment in infrastructure, an increase in their commercial relationships, in health, education and housing ”(Gómez, and Jiménez, 2014) is currently the best in Asia, workers are encouragedFor investment in social security, services are advanced and have low costs, prevention is essential. 

Developing

Life expectancy is approximately 82 years, that is, high, although a place has descended since 2016 worldwide. In Primary Education, in Singapore school programs, children are stimulated to water savings, as well as culture and law, it also has an educational meritocracy system, which puts students, from an early age in an early age inA performance table. The university and technical institutes are free, but there is a vocational exam, in which each institution is entered according to the score obtained. Regarding the training of workers.

Singapore has continuous training policies for workers, there are also policies to lower electronic products within job training, the government delivers scholarships for employee training. Singapore does not have an official minimum salary. In Singapore, compensation does not appear in the law in case of dismissal, this occurs only if a prior agreement has been reached with the employer.

Ecuador is in the 90th position of the 2019 Wef Competitiveness Index, which means a low living standard. Its economy decreased in this year due to the national strike of October.

Due to the suppression of the fuel subsidy, as a consequence the indebtedness endangers the dollarization, the gap in the distribution of wealth is abysmal. As for corruption, in the last two years multiple arrests have been made and sanctions have been imposed on high ex -president. In its fight against corruption, Ecuador has supported the Inter -American Program to combat it, the same that, among other elements, includes: Strategy for the ratification of the Inter -American Convention against Corruption;Preparation of Codes of Conduct from public officials.

Study of the Washing Program or Corruption Products. (Ministry of Foreign Affairs and Human Mobility of Ecuador, 2020) Ecuador has had several scandals on the subject since 2017, so it has been several times in the headlines of the international press. Ecuador exports raw material and imports technology, fuel, among others, its main source of export is crude, its main destinations are the United Kingdom, France and the United States. Its main activities are agriculture and mining. Your life expectancy is 76.58 years, which means that it is medium-high.

Primary education is free. In the same way, third level education is free, but two exams for admission are necessary, according to each score, the student will have the opportunity to enter the career of their choice or not do so. Investment in labor training is weak, since only active workers are trained in a formal environment, these workers must have some type of previous education, as in Chile, in addition, there are no public policies for access toinformal work training. As for working conditions, the basic salary has grown until it becomes the third highest in Latin America.

Even so;Productivity has gone in the opposite direction, there is a large unemployment index. As for the female labor force, the woman is less likely to be hired in front of the man. So far, Chile’s economy has remained stable and is more has had great growth over the others in Latin America, occupies the 33rd position of competitiveness globally and is number 1 in the region;However, the inequality in the distribution of wealth continues to be evidenced. The country has signed free trade agreements with an important part of the planet, which makes it sustainable and attractive internationally.

That is why it exports products to the entire globe "Chile is the largest worldwide producer, lithium and iodine, as well as agricultural products such as fresh grapes, blueberries, plums and dehydrated apples" (Ministry of Foreign Affairs of the Government of Chile,2020), his government has had an arduous fiscal management, more than developing projects that fight poverty rates. It is worth mentioning that protests have reduced foreign investment, so the budget for health and education has been limited during the last year. Your life expectancy is 79.91 years, the Chilean Constitution establishes Social Security.

This is a right for its entire population, social homes are also built. As for higher education, the number of enrolled has increased four times. Employee labor training is protected by law, but reality is another because only a small group of employees has received training, another problem of this point is that only update to active and formal workers who havePrevious higher education. The minimum wage is one of the lowest in Latin America, the unemployment rate of women is high in relation to that of men.

As for life expectancy, the indices in women are higher than those of men in the three countries, as well as primary education is free having a prevalence of girls enrolled in front of boys, the panorama is the same as soon asto higher education. As for labor efficiency, a minimum amount for social security is deduced from salary. Both Singapore and Chile and Ecuador have organizations and laws that regulate labor hiring and dismissal. Until before the pandemic, none of these three countries had an unemployment bonus. Labor inequality between women and men is notorious.

This is because the woman does not win the salary she deserves, despite being prepared in a third or fourth level of education, it is also more difficult for a promotion to get. Between 5% and 6% of workers are hired and fired per month, generally, this is done not to grant them a more formal employment contract. The female workforce corresponds to less than 50%, it also prevails over the male workforce as university studies. Singapore is above the world competitiveness index due to the great budget distributed in the social aspect.

That is why it maintains one of the highest rates of life expectancy in the world thanks to the great investment in health and prevention, its main weapon against the lack of natural resources is education, in addition the State provides a large organization at all levels, it is necessary to include its fight against corruption that has allowed him to attract the look of everyone;However, negative aspects such as the lack of labor equity for women and the excessive hardness of penalties are observed. Both Chile and Ecuador have reduction in the health and education budget during the last year due to protests in Latin America. 

conclusion

In the three countries, proposals can be observed to encourage job training, but this is far from reality due to the reality of education in each country, also takes into account informal employment. It is important to emphasize the horizontal segregation suffered by women in the workplace, because there is not so much information about it by official sources of each country. To conclude, although Singapore is the leader in competitiveness at this time and Chile is a regional example, Ecuador still has much to learn from these economies, in terms of the form of distribution of wealth, as well as the exploitation of its natural resourcesand investment in education.